Industrialized Cyclist Notepad


Lukoil in Iraq

As Norwegian Statoil bugs out.

Lukoil aims to invest around $2 billion in the West Qurna-2 oil field in Iraq this year, Bloomberg News reports. A company spokesman told Bloomberg that $200 million was invested there in 2011.

The oil company, the largest private energy company in Russia, also announced plans to start construction on a new oil pipeline and spell out details for its drilling program.

via Lukoil unveils investment plans for Iraq – UPI.com.



Kurdish oil in the balance

As Iraqi production reportedly tops 3 mbd.

Exploration in northern Iraq has been held back in part by disputes between the central government and the autonomous Kurdish region over control of fields in Kurdish provinces.

The central government says it alone has the right to export Iraqi oil, and adds that deals signed by foreign firms with the Kurdish regional authorities, such as one announced by ExxonMobil, are illegal.

Luaibi repeated earlier remarks by Iraqi officials that an announcement on the Exxon deal would be made soon.

Luaibi said Iraq’s central authorities had received only 65,000 bpd of oil – less than half the 175,000 bpd they had expected – from the Kurdish region since the start of the year.

The central authorities say they suspect that missing Kurdish oil is being illegally exported abroad

via UPDATE 1-Iraq oil output over 3 mln bpd; first time in decades | Reuters.



Kurdistan oil and gas activity
January 10, 2012, 10:24
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High-res pdf from Shamaran Petroleum.

Added to the I.C. Energy & Transport Page.